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To: Pullin-GS who wrote (57587)6/9/1998 11:26:00 AM
From: Diamond Jim  Respond to of 186894
 
off topic

Did you happen to catch the car show on TNN this last weekend, it was "classic car" and they had a GS on there, not sure which year. It was not restored but was all original and in really good shape, the guy put the show host in the passenger seat and was rippin' off 12 sec 1/4's.

jim



To: Pullin-GS who wrote (57587)8/17/1998 11:21:00 PM
From: Pullin-GS  Read Replies (3) | Respond to of 186894
 
Some TA for today:

Looks like INTC rode the DELL earnings/split expectation wave to just under 90 today....an old resistance level from days past. Today INTC closed right above the upper envelope of the Bollinger Bands...some might read this as as breakout signal to the next level of resistance around 93. If the market and DELL bless INTC with good numbers it will most likely be smooth sailing. If 93 where to give way to trading above 95, INTC could see trending higher highs for some time to come. BB has support marked at 83 3/8, which happens to be the 21day EMA as well. The 50 Day EMA is lower, but given INTC's volitity being tied closely to tighter trends I expect a better indication can be found with a 21 day period. Bullish.

*Note*...Overhead to 93+ is relatively weak (by INTC standards). Current overhead is pegged at 102MM shares need to exchange hands to get INTC to, and keep INTC at 93+.

INTC has had a marked increase in volume, even during times of weakness of the indices. Today marked the first day in over a week in which INTC 21 day Volume moving average closed above the trend by about 33%. IMO volume is much under-rated IMO...volume is a "must have" tool in my bag of tricks. Very bullish.

RSI is currently at 65 and trending higher. Back when I last posted TA we had a bullish RSI divergence with price at around 66....I added as many other investors have done since then. Bullish.

INTC had an Ultimate Oscillator divergence with price 3 days ago. The divergence was confirmed with 3 strait days of strength in price and volume. Very bullish.

The eastern chartists (candlesticks) should be pleased with the long white candle INTC was able to produce today. At it's toes yesterday was a white star...perhaps a bullish indication of an upward trend reversal from the short-term lateral trend of last week...today was confirmation. Bullish.

ADX is floating nicely above +DI and -DI. An indication for a long term purchase for those who follow this indication. Accumulation is indicated. Bullish.

MACD Histogram started sloping up 3 days ago....todays trading confirmed this bullish indicator. Tuesday will bring a positive MACD day if we close positive. Bullish.

Bostian's Accumulation/Distribution screams accumulation for the last 2-3 weeks since INTC reversed a short term down trend around 83 1/2. I see no signs of weakening short term (barring negative market conditions). Bullish.

Regards.....